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LME To Offer Non-Ferrous Swaps Trading

Non-ferrous metals swaps will be traded on the London Metal Exchange from January 23.

    Non-ferrous metals swaps will be traded on theLondon Metal Exchange(LME) from January 23,Bloombergreports. Aluminum, two aluminum alloys, zinc, tin, nickel, copper and lead swaps will be based on delisted over-the-counter cleared average price swaps.

    These swaps will be traded on the exchange’s electronic platformLMESelectand on the telephone. The swaps will be cleared onLCH.Clearnet.

    Click here for the story fromBloomberg.

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